REGISTERED NUMBER: OC321944 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

AWB Charlesworth LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

D A Tear

D T M Hayes

U Vietri

J A Dunn

REGISTERED OFFICE:

23 Otley Street

Skipton

North Yorkshire

BD23 1DY

REGISTERED NUMBER:

OC321944 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property income.

DESIGNATED MEMBERS

The designated members during the year under review were:

D A Tear

D T M Hayes

U Vietri

J A Dunn

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £26,468 (2024 - £46,885 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

J A Dunn - Designated member

11 August 2025

TURNOVER

-

-

Administrative expenses

(7,132

)

(10,267

)

(7,132

)

(10,267

)

Other operating income

39,000

58,500

OPERATING PROFIT

5

31,868

48,233

Interest payable and similar expenses

(5,400

)

(1,348

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

26,468

46,885

FIXED ASSETS

Tangible assets

6

232,825

238,575

CURRENT ASSETS

Debtors

7

47,454

48,392

Cash at bank

9,409

23,651

56,863

72,043

CREDITORS

Amounts falling due within one year

8

77,768

98,698

NET CURRENT LIABILITIES

(20,905

)

(26,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

211,920

211,920

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

205,080

205,080

Revaluation reserve

9

6,840

6,840

211,920

211,920

TOTAL MEMBERS' INTERESTS

Members' other interests

211,920

211,920

Amounts due from members

7

(47,454

)

(41,922

)

164,466

169,998

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 11 August 2025 and were signed by:

J A Dunn - Designated member

1.	STATUTORY INFORMATION

AWB Charlesworth LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.10.22

Year ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

5,750

8,675

6.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

287,500

DEPRECIATION

At 1 April 2024

48,925

Charge for year

5,750

At 31 March 2025

54,675

NET BOOK VALUE

At 31 March 2025

232,825

At 31 March 2024

238,575

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

-

6,463

Other debtors

47,454

41,929

47,454

48,392

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

6,740

Amounts owed to group undertakings

17,587

-

Other creditors

60,181

91,958

77,768

98,698

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

6,840